Apple has paid out $70 billion to developers since the launch of the App Store

July 10th, 2008 was a very important date in smartphone history. On that date, Apple launched the App Store and things were never the same. Currently, the App Store is available in 155 different countries. Speaking of the App Store, Apple announced today that since day one, it has paid out more than $70 billion to app developers whom receive 70% of the revenue received generated by their paid apps. Apple keeps the remaining 30%. 

Apple says that over the past year, the number of downloads from the App Store has increased a whopping 70%. And with the subscription business model now ...